Hospital Capacity Management Solutions Market – Insights

Hospital capacity management solutions (HCMS) are used to effectively utilize and manage availability and accommodation of hospital beds, caregivers and other assets. HCMS enable improved patient care and projects patient inflow. These solutions comprise various modules such as workflow management, real-time tracking, and bed management.

The global hospital capacity management solutions market is estimated to account for US$ 1,540.6 Mn in terms of value and XYZ Thousand Tons in terms of value by the end of 2027.

Global Hospital Capacity Management Solutions Market: Drivers

Increasing prevalence of chronic diseases is expected to lead to high number of hospitalization, thereby aiding growth of the global hospital capacity management solutions market. For instance, according to the World Health Organization, around 18.1 million new cases and 9.6 million deaths were registered due to cancer worldwide in 2018.

Moreover, increasing incidence of accidents is also expected to boost growth of the market. For instance, according to 2018 Fatal Motor Vehicle Crashes: Overview by National Highway Traffic Safety Administration, a U.S. federal agency, 10,511 deaths were registered in the U.S. in 2018 due to accidents.

North America region held dominant position in the global hospital capacity management solutions market in 2018, accounting for 55.1% share in terms of value, followed by Europe.

Figure 1. Global Hospital Capacity Management Solutions Market Value (US$ Mn), by Region, 2018

Hospital Capacity Management Systems  | Coherent Market Insights

Global Hospital Capacity Management Solutions Market: Restraints

Lack of awareness regarding HCMS, especially in emerging economies is expected to hamper growth of the global hospital capacity management solutions market.

The forecast provided by HCMS often fails to match reality as each scenario may vary from case to case. Such drawback is also expected to hinder growth of the market.

Global Hospital Capacity Management Solutions Market: Opportunities

There is a significant gap in the number of hospital beds and number of patients, especially in emerging economies. This is expected to offer lucrative growth opportunities for players in the global hospital capacity management solutions market. For instance, according to Government of India, Health Ministry, under the National Health Profile 2019, there is one government hospital bed per 1,844 population and one state-run hospital for every 55,591 population in India.

Moreover, increasing funding by government and private organizations to improve patient experience is also expected to boost growth of the market. For instance, in December 2019, Partners HealthCare, a non-profit hospital and physician’s network, launched a five-year digital health initiative to improve the patient experience, boost digital innovation and transform clinical care across the system.

Hospital Capacity Management Systems  | Coherent Market Insights

Real Time Locating System (RTLS) segment in the hospital capacity management solutions market was valued at US$ 316.1 Mn in 2018 and is expected to reach US$ 518.9 Mn by 2027 at a CAGR of 5.6% during the forecast period.

Market Trends/Key Takeaways

HCMS have gained traction in the healthcare industry due to its ability to optimize asset and resource management and also enable efficient assigning of healthcare staff. This in turn increases productivity while reducing time and assets wastage, as well as mismanagement.

Major hospitals are reducing the number of beds to reduce expenses. This has led to need for effective and efficient use of resources. HCMS aid in reducing hospital stay period of patients and maximizing occupancy levels of hospital beds. Moreover, increasing bed turnover per bed is expected to high adoption rate of HCMS in hospitals.

Global Hospital Capacity Management Solutions Market: Competitive Landscape

Major players operating in the global hospital capacity management solutions market include, Awarepoint Corporation (CenTrak), Allscripts Healthcare Solutions, Inc., Care Logistics, LLC, McKesson Corporation, Central Logic, STANLEY Healthcare, Sonitor Technologies, Inc., TeleTracking Technologies, Inc., Cerner Corporation, and Epic Systems Corporation.

Global Hospital Capacity Management Solutions Market: Key Developments

Key players in the market are focused on expanding their services in order to enhance their market share. For instance, in June 2018, CenTrak announced the transfer of select assets of Awarepoint to its subsidiary Clinical Patents LLC (CPLLC) in order to expand CenTrak’s market-leading IoT Location and Sensing services with the addition of Bluetooth Low Energy (BLE) sensor technology.

In August 2018, Care Logistics announced a new suite of services available to hospitals and health systems that enable those hospitals to make improvements in patient flow and operations.

Hospital capacity management solutions (HCMS) are used for efficient management of availability and accommodation of hospital beds, caregivers and other hospital services to the patient. Hospital capacity management solutions (HCMS) are designed to help improve patient throughput and quality of care by managing patient capacity, flow, and diversion rates. Hospital capacity management solutions enable efficient patient care and help in reducing the length of hospital stay.

Key features of the study:

  • This report provides in-depth analysis of the Hospital Capacity Management Solutions market  and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the global Hospital Capacity Management Solutions market  based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include, Awarepoint Corporation (CenTrak), Allscripts Healthcare Solutions, Inc., Care Logistics, LLC, McKesson Corporation, Central Logic, STANLEY Healthcare, Sonitor Technologies, Inc., TeleTracking Technologies, Inc., Cerner Corporation, and Epic Systems Corporation.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global Hospital Capacity Management Solutions market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Hospital Capacity Management Solutions market

Detailed Segmentation:

  • Hospital Capacity Management Solutions Market, By Product Type:
    • Workflow Management Solution
    • Asset Management Solution
    • Bed Management Solution
    • Quality Patient Care Solution
    • Real Time Locating System (RTLS)
    • Event Driven Solutions
    • Online Registration Solution
    • Attendance Management Tools
    • Event Driven Patient Tracking
    • Others
  • Hospital Capacity Management Solutions Market, By Application:
    • Standalone Solutions
    • Integrated Solutions
  • Hospital Capacity Management Solutions Market, By Delivery Mode:
    • On Premise
    • Cloud-Based
  • Hospital Capacity Management Solutions Market, By Region:
    • North America
      • By Product Type:
        • Workflow Management Solution
        • Asset Management Solution
        • Bed Management Solution
        • Quality Patient Care Solution
        • Real Time Locating System (RTLS)
        • Event Driven Solutions
        • Online Registration Solution
        • Attendance Management Tools
        • Event Driven Patient Tracking
        • Others
      • By Application
        • Standalone Solutions
        • Integrated Solutions
      • By Delivery Mode:
        • On Premise
        • Cloud-Based
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Product Type:
        • Workflow Management Solution
        • Asset Management Solution
        • Bed Management Solution
        • Quality Patient Care Solution
        • Real Time Locating System (RTLS)
        • Event Driven Solutions
        • Online Registration Solution
        • Attendance Management Tools
        • Event Driven Patient Tracking
        • Others
      • By Application
        • Standalone Solutions
        • Integrated Solutions
      • By Delivery Mode:
        • On Premise
        • Cloud-Based
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type:
        • Workflow Management Solution
        • Asset Management Solution
        • Bed Management Solution
        • Quality Patient Care Solution
        • Real Time Locating System (RTLS)
        • Event Driven Solutions
        • Online Registration Solution
        • Attendance Management Tools
        • Event Driven Patient Tracking
        • Others
      • By Application
        • Standalone Solutions
        • Integrated Solutions
      • By Delivery Mode:
        • On Premise
        • Cloud-Based
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
        • Workflow Management Solution
        • Asset Management Solution
        • Bed Management Solution
        • Quality Patient Care Solution
        • Real Time Locating System (RTLS)
        • Event Driven Solutions
        • Online Registration Solution
        • Attendance Management Tools
        • Event Driven Patient Tracking
        • Others
      • By Application
        • Standalone Solutions
        • Integrated Solutions
      • By Delivery Mode:
        • On Premise
        • Cloud-Based
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type:
        • Workflow Management Solution
        • Asset Management Solution
        • Bed Management Solution
        • Quality Patient Care Solution
        • Real Time Locating System (RTLS)
        • Event Driven Solutions
        • Online Registration Solution
        • Attendance Management Tools
        • Event Driven Patient Tracking
        • Others
      • By Application
        • Standalone Solutions
        • Integrated Solutions
      • By Delivery Mode:
        • On Premise
        • Cloud-Based
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type:
        • Workflow Management Solution
        • Asset Management Solution
        • Bed Management Solution
        • Quality Patient Care Solution
        • Real Time Locating System (RTLS)
        • Event Driven Solutions
        • Online Registration Solution
        • Attendance Management Tools
        • Event Driven Patient Tracking
        • Others
      • By Application
        • Standalone Solutions
        • Integrated Solutions
      • By Delivery Mode:
        • On Premise
        • Cloud-Based
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Awarepoint Corporation (CenTrak)*
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategies
    • Allscripts Healthcare Solutions, Inc.
    • Care Logistics, LLC
    • McKesson Corporation
    • Central Logic
    • STANLEY Healthcare
    • Sonitor Technologies, Inc.
    • TeleTracking Technologies, Inc.
    • Cerner Corporation
    • Epic Systems Corporation
  •  “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippets, By Application
      • Market Snippet, By Region
      • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Highlights
    • Product launch
    • PEST Analysis
    • Regulatory Scenario
    • Mergers and Acquisitions
  4. Hospital Capacity Management Solutions Market, By Product Type, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Workflow Management Solution
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Asset Management Solution
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Bed Management Solution
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Quality Patient Care Solution
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Real Time Locating System (RTLS)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Event Driven Solutions
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Online Registration Solution
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Attendance Management Tools
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Event Driven Patient Tracking
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  5. Hospital Capacity Management Solutions Market, By Application, 2019 – 2027, (US$ Mn)
    • Standalone Solutions
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Integrated Solutions
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Hospital Capacity Management Solutions Market, By Delivery Mode, 2019 – 2027, (US$ Mn)
    • On Premise
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Cloud Based
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  7. Hospital Capacity Management Solutions Market, By Region, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Delivery Mode, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Delivery Mode, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Delivery Mode, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Delivery Mode, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of APAC
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Delivery Mode, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Delivery Mode, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  8. Competitive Landscape
    • Company Profiles
      • Awarepoint Corporation (CenTrak)
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Allscripts Healthcare Solutions, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Care Logistics, LLC
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • McKesson Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Central Logic
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • STANLEY Healthcare
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Sonitor Technologies, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • TeleTracking Technologies, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Cerner Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Epic Systems Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

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